TerraClear is a for-profit social enterprise that focuses on overcoming barriers to clean water in Laos through the production and distribution of ceramic water purifiers. More than 30% of the population in Laos lack access to clean drinking water. Problems of poor water and sanitation are particularly prevalent in rural portions of the country where distribution of clean water is limited and expensive.  
TerraClear sells these water purifiers throughout the country and aims to give low-income communities increased access to the product.
With Kiva financing, TerraClear is expanding its services and distributing more clean water purifiers nationwide.
A Unique Lending Approach: 

Trained salespeople introduce TerraClear water purifiers during village meetings. At the village meetings the sales people moderate a discussion on the health ​implications of drinking contaminated water, the cost of purifying unhealthy water via boiling, and the cost of buying clean water in 20 liter bottles. The community then compares these costs versus the cost to purchase a TerraClear water purifier with 2 year warranty​. TerraClear sales people offer a financing option for members of the community who cannot afford to pay the upfront cost of the product - these are individuals/groups featured on Kiva’s website.
With Kiva’s funding, TerraClear can meet the increasing demand for their water purifiers and expand access to clean water in rural communities. 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 26, 2014 Oct 12, 2005
Total Loans $563,050 $719,633,750
Amount of raised Inactive loans $9,525 $521,675
Number of raised Inactive loans 16 351
Amount of Paying Back Loans $405,950 $132,195,475
Number of Paying Back Loans 474 151,712
Amount of Ended Loans $147,575 $586,916,600
Number of Ended Loans 119 727,730
Delinquency Rate 0.00% 7.41%
Amount in Arrears $0 $6,319,502
Outstanding Portfolio $300,025 $85,269,409
Number of Loans Delinquent 0 20,931
Default Rate 0.00% 1.14%
Amount of Ended Loans Defaulted $0 $6,699,908
Amount of Ended Loans $147,575 $586,916,600
Number of Ended Loans Defaulted 0 19,481
Currency Exchange Loss Rate 0.00% 0.27%
Amount of Currency Exchange Loss $0 $1,945,073
Refund Rate 0.00% 0.68%
Amount of Refunded Loans $0 $4,898,125
Number of Refunded Loans 0 5,415

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 65.07% 74.39%
Average Loan Size $59 $416
Average Individual Loan Size $1,067 $653
Average Group Loan Size $922 $1,848
Average number of borrowers per group 15.9 8
Average GDP per capita (PPP) in local country $3,100 $5,938
Average Loan Size / GDP per capita (PPP) 1.91% 7.01%
Average Time to Fund a Loan 0.99 days 6.36 days
Average Dollars Raised Per Day Per Loan $59.49 $65.43
  Average Loan Term 8.95 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 353,817
  Journaling Rate 0.64% 41.33%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.57

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 43.00% PY 32.02% PY
  Profitability (return on assets) 8.2% N/A -1.84%
  Average Loan Size (% of per capita income) N/A N/A 19.57%

Country Fast Facts

Field Partner Staff

Nathan Cole
Matt Nieswender